Colorado School of Mines receives $1.2 million gift from Chevron

GOLDEN, Colo., Aug. 27, 2008 – Colorado School of Mines and Chevron Corporation announced today a gift of $1,245,000 to the Colorado School of Mines Foundation. An extension of Chevron’s longstanding relationship with Mines, this gift brings the company’s total contributions to the school to more than $8 million.

Mines will create the Chevron Education Center for Study of the Earth with $1 million of the gift. This unique center will be housed in Marquez Hall, a new, state-of-the-art petroleum engineering building that will soon be constructed on campus. The Chevron Center will provide hands-on experience in experimental and analytical techniques – experience that the company recognized as the cornerstone of a technical education.

“Chevron is pleased to be able to assist Mines in educating outstanding geoscientists and engineers,” said Vice President - Global Exploration Bobby Ryan. “Hands-on experimental work and field sessions are an important part of the Colorado School of Mines educational experience. We are pleased to support this type of training, which provides valuable insights and enhances intuition.”

With this latest gift, Chevron Corporation and Colorado School of Mines continue to further strengthen their partnership. Chevron has committed more than $3.5 million to support research programs at Mines. In 2003, the company established a Center of Research Excellence at the school to develop advanced technologies that improve the interpretation of subsurface geology through computer modeling. More than 220 current Chevron employees worldwide received their academic degrees from Mines. Last year, the company matched nearly $40,000 in employee gifts to the school, effectively doubling the impact of their employees’ philanthropy.

"Mines has enjoyed a strong relationship with Chevron that has spanned many decades,” said Colorado School of Mines President Bill Scoggins. “Hundreds of our graduates have had successful careers at Chevron, and the company has helped sustain Mines’ cutting-edge programs with continued generous support. This new gift from Chevron represents a major investment in our future that will have a real impact on our academic programs."

Chevron Corporation is one of the world’s leading integrated energy companies, with approximately 59,000 employees around the globe and headquarters in San Ramon, Calif. Chevron conducts business across the entire energy spectrum – exploring for, producing and transporting oil and gas; refining and distributing fuels and other energy products; manufacturing and selling petrochemical products; generating power; and developing and commercializing the energy resources of the future, including biofuels and other renewables. More information is available at www.chevron.com.

Founded in 1874, Colorado School of Mines was established to serve the needs of the local mining industry. Today, the school has an international reputation for excellence in both engineering education and the applied sciences with special expertise in the development and stewardship of the Earth’s resources. For information, visit www.mines.edu.